Enter current debts and a proposed consolidation APR/term to compare monthly payment, payoff time, and total interest locally without rate shopping or lender offers.
Enter the balances, APRs and fixed monthly payments you currently make. See when a consolidation loan saves money—and when it doesn't.
This model treats the origination percentage as a share of the existing debt balance. Actual lender fee calculations and net funding can differ. Enter the amount you really expect to borrow and check that the lender will pay off all debts.
Figures are estimates; actual statements may calculate daily interest, fees and timing differently.
Monthly ending balances under fixed payments. The new loan line includes financed fees when selected.
Keeps your proposed APR and fee method unchanged. Each term uses only the required payment (no extra).
| Term | Required / mo. | Total interest + fees |
|---|
| Month | Payment | Interest | Balance |
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Existing debts are modeled independently using the exact fixed monthly payment entered for each balance; freed-up payments are not automatically rolled onto other debts. Both existing and new loans use a simplified monthly APR ÷ 12 interest model with interest rounded to cents each month. Payments occur at month end, and payoff is capped at 50 years. Lender statements may use daily accrual, changing minimums, promotional offers or different fee bases.
Savings = interest on your existing debts − (interest on the proposed loan + the full origination fee). A financed fee increases the new principal; an upfront fee is treated as a separate immediate cash expense. The payoff term is illustrative, not a lender offer. The calculator does not access your accounts or transmit debt values to an external loan service; check the site's general privacy policy for any page-level analytics.
If you have trouble meeting minimum payments, a nonprofit credit counselor may help review options. Consolidation is not necessarily beneficial when your APR is higher, fees are substantial or a longer term adds interest.
Start with the broad calculator that matches the decision, then move to a specialist only when the loan structure, cash flow, tax treatment, debt strategy or savings goal genuinely changes.
connects debt payoff, credit-card cost, loan comparison, APR/APY, effective-rate, weighted-rate, and hypothetical consolidation calculations.
Results are deterministic browser-local math from the values you enter. They are useful for scenario comparison, but they are not a lender quote, approval decision, investment forecast, credit recommendation, or substitute for an account agreement.
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